There’s a new person on Binance.US: A genuine Intel antitrust expert named Sidney Majalya.
The US subsidiary of Binance announced Thursday that it has hired Intel’s top compliance manager as the crypto exchange’s chief risk officer. Sidney Majalya is a former federal antitrust attorney. Prior to that, he ran, among other things, the compliance offices of Oracle Y On. Your new position in Binance.US It will start in January, as it says in its tweet.
In light of our focus on making Binance.US the most compliant and consumer-centric digital asset platform in the US, I know that the organization will greatly benefit from Sidney’s vast experience, talent, and judgment.
writes Brian Shroder, CEO of Binance.US, in a blog post.
Binance.US takes regulation seriously
Like an ex Legal and Compliance Officer At Intel, Majalya must be very familiar with antitrust, anti-corruption, and other legal compliance regulations. In addition, at the beginning of his career from 2004 to 2014 he worked as a trial attorney in the antitrust department of the United States Department of Justice.
Hiring Majalya on Binance.US is a clear indication that the exchange is serious about regulatory compliance. This could be crucial as US lawmakers continue to put pressure on the nascent crypto industry, which market watchers believe is poorly regulated. However, within the United States government there are very different opinions on this.